4 Start-Ups funded at TiE Startup Heroes challenge5 years ago Saritha Keshamoni
2015 started with a bang for the Hyderabad Startup Ecosystem. Hyderabad based eKincare and Violet Street raised huge growth funds and it was exciting to see 5 out of the 10 startups that pitched at the Startup Heroes event by TIE Hyderabad get funded.
At the Tie Start-UP Heroes, The startups pitched in front of a panel of 13 investors and it is exciting to note that each of them received green cards from more than 3 investors. Enabli, YoGrad, Play your sport, Chakra Business Solutions and Hostel Duniya received the seed fund and investors pick 8% equity for the 10 lakhs they invest.
The 10 finalists were chosen from a pool of 200 plus applications and were groomed by mentors from TIE Hyderabad for 2 weeks on their business models and pitches.
Enabli analyses conversations on social media and helps generate leads for consumer businesses. Hostel Duniya is an aggregator for hostels and pg accommodations in top cities. YoGrad is a community that engages students in conversations and uses these insights to help brands engage and communicate with youth. Play your sport is a mobile app that allows sports and fitness enthusiasts to find activity classes nearby and “CBS is an Internet of Things solution that fetches data from different devices and sensors to give a perspective on a particular problem”.
Hyderabad is evolving very quickly as a startup hub and is a great place for early stage ventures. Events like these are an inspiration to many budding entrepreneurs and the potential the City of Nawabs offers is immense. With the kind of ecosystem that we have been able to create and nurture, very soon, we may become the Startup Capital of India.